Abbott Laboratories (XSGO:ABT) Days Payable

: 82.68 (As of Dec. 2023)

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Abbott Laboratories's average Accounts Payable for the three months ended in Dec. 2023 was $4,128 Mil. Abbott Laboratories's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,556 Mil. Hence, Abbott Laboratories's Days Payable for the three months ended in Dec. 2023 was 82.68.

The historical rank and industry rank for Abbott Laboratories's Days Payable or its related term are showing as below:

XSGO:ABT' s Days Payable Range Over the Past 10 Years
Min: 41.38 Med: 79.74 Max: 90.38
Current: 86.26

During the past 13 years, Abbott Laboratories's highest Days Payable was 90.38. The lowest was 41.38. And the median was 79.74.

XSGO:ABT's Days Payable is ranked better than
58.38% of 788 companies
in the Medical Devices & Instruments industry
Industry Median: 73.99 vs XSGO:ABT: 86.26

Abbott Laboratories's Days Payable declined from Dec. 2022 (86.82) to Dec. 2023 (82.68). It may suggest that Abbott Laboratories accelerated paying its suppliers.

Abbott Laboratories Days Payable Historical Data

The historical data trend for Abbott Laboratories's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Abbott Laboratories Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

85.89

87.56

82.25

85.95

90.38

Abbott Laboratories Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																86.82	92.43	85.27	80.97	82.68

Competitive Comparison

For the Medical Devices subindustry, Abbott Laboratories's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Abbott Laboratories Days Payable Distribution

For the Medical Devices & Instruments industry and Healthcare sector, Abbott Laboratories's Days Payable distribution charts can be found below:

* The bar in red indicates where Abbott Laboratories's Days Payable falls into.

Abbott Laboratories Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Abbott Laboratories's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4607	+	4295)	/	2 )	/	17975	*	365
=	4451					/	17975	*	365
=	90.38

Abbott Laboratories's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3961	+	4295)	/	2 )	/	4556	*	365 / 4
=	4128					/	4556	*	365 / 4
=	82.68

Abbott Laboratories Days Payable Related Terms

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Abbott Laboratories (XSGO:ABT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Abbott Laboratories (XSGO:ABT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ABT:USA ABT:Mexico 0Q15:UK ABL:Germany ABT:Switzerland ABTT34:Brazil ABT:Austria ABT:Argentina

Address

100 Abbott Park Road, Abbott Park, IL, USA, 60064-6400

Website

https://www.abbottinvestor.com

Abbott manufactures and markets cardiovascular and diabetes devices, adult and pediatric nutritional products, diagnostic equipment and testing kits, and branded generic drugs. Products include pacemakers, implantable cardioverter defibrillators, neuromodulation devices, coronary stents, catheters, infant formula, nutritional liquids for adults, continuous glucose monitors, and immunoassays and point-of-care diagnostic equipment. Abbott derives approximately 60% of sales outside the United States.